Banning, CA Cost Of Living
Cost Of Living In Banning, CA Summary
Cost of living in Banning research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Banning is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Banning is 115, with 100 being the average.
The cost of living index in Banning is 1.1x higher than the national average.
Banning ranks as the #82 cheapest in California out of 634.
Banning ranks as the #4,090 cheapest out of 6,489 in the US.
The median home value in Banning is $409,433.
The median income in Banning is $57,699.
Table Of Contents
Banning's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Banning, CA?
According to the most recent data on the cost of living, Banning has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to California, Banning has a cost of living index that's 0.8x lower than California's index of 141.
The standard of living in Banning ranks as #82 most affordable out of the 634 places we measured in California. By definition, that implies Banning ranks as the #552 most expensive place in the Golden State.
For more reading on life in Banning, check out:
In California
In America
Banning Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Banning. Here is how it fairs on each of the criteria:
The Services index in Banning is 113.
The Groceries index in Banning is 114.
The Health index in Banning is 101.
The Housing index in Banning is 124.
The Transportation index in Banning is 124.
The Utilities index in Banning is 92.
| Living Expense | Banning | California | National Average | |
|---|---|---|---|---|
| Overall | 115 | 141 | 100 | |
| Services | 113 | 111 | 100 | |
| Groceries | 114 | 111 | 100 | |
| Health | 101 | 107 | 100 | |
| Housing | 124 | 194 | 100 | |
| Transportation | 124 | 125 | 100 | |
| Utilities | 92 | 128 | 100 | |
Banning, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Banning is $409,433.
The Median Rent in Banning is $1,528.
The Median Income in Banning is $57,699.
The Home Value To Income in Banning is 7.1x.
The Rent To Monthly Income in Banning is 0.32x.
| Statistic | Banning | California | United States |
|---|---|---|---|
| Median Home Value | $409,433 | $763,287 | $303,400 |
| Median Rent | $1,528 | $1,956 | $1,348 |
| Median Income | $57,699 | $96,334 | $78,538 |
| Home Value To Income | 7.1x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.32x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Banning, CA Costs By Category
Detailed Banning Services Costs Vs. California
| Item | Banning | California |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $11.04 | $12.13 |
| Bowling | $21.11 | $18.0 |
| Haircut | $27.27 | $24.26 |
| Beauty Salon | $41.78 | $45.56 |
Detailed Banning Groceries Costs Vs. California
| Item | Banning | California |
|---|---|---|
| Ground Beef | $5.89 | $5.84 |
| Fried Chicken | $3.49 | $1.57 |
| Milk | $4.92 | $4.67 |
| Potatoes | $4.92 | $4.93 |
| Pizza | $15.31 | $12.09 |
| Beer | $10.26 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Banning Health Costs Vs. California
| Item | Banning | California |
|---|---|---|
| Optometrist | $112.92 | $125.68 |
| Doctor | $95.5 | $135.78 |
| Dentist | $117.28 | $113.29 |
Detailed Banning Transportation Costs Vs. California
| Item | Banning | California |
|---|---|---|
| Gasoline | $4.75 | $3.46 |
| Tire Balancing | $61.38 | $59.92 |
Detailed Banning Utilities Costs Vs. California
| Item | Banning | California |
|---|---|---|
| All Electricity | $378.97 | $193.99 |
| Phone | $180.31 | $192.25 |
Banning SnackAbility
/10
Cost Of Living In Cities Around Banning
The cost of living varies in the cities and towns around Banning. Here's a quick look at the cost of living in the most populous nearby places:
Moreno Valley, CA has a cost of living index of 132, 1.1x Banning.
Redlands, CA has a cost of living index of 141, 1.2x Banning.
Highland, CA has a cost of living index of 128, 1.1x Banning.
| City | Population | Cost Of Living | Vs. Banning |
|---|---|---|---|
| Moreno Valley, CA | 210,378 | 132 | 1.1x |
| Redlands, CA | 72,985 | 141 | 1.2x |
| Highland, CA | 56,690 | 128 | 1.1x |
| Beaumont, CA | 54,817 | 130 | 1.1x |
| San Jacinto, CA | 54,756 | 121 | 1.1x |
| Yucaipa, CA | 54,348 | 129 | 1.1x |
| East Hemet, CA | 20,292 | 120 | 1.0x |
| Valle Vista, CA | 19,263 | 112 | 1.0x |
| Calimesa, CA | 10,680 | 117 | 1.0x |
| Mentone, CA | 9,487 | 125 | 1.1x |
